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Showing 5 fha loan specialists in Brewster, MA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Leighton Team, Keller Williams Realty
2672 Main St, Brewster, MA 02631
(508) 896-1222
leightonteam.com
My Cape Cod Realty - Melanie Cauchon Real Estate
326 Blueberry Pond Dr, Brewster, MA 02631
(508) 776-5378
ratemyagent.com
What Does a FHA Loan Specialist in Brewster Cost?
Typical costs for FHA loan specialist services in Massachusetts include an origination fee of 1% to 1.75% of the loan amount. Upfront mortgage insurance premium is 1.75% of the base loan amount. Annual mortgage insurance premiums range from 0.45% to 1.05% depending on loan term and down payment. Appraisal fees in Brewster average $500 to $700. Closing costs generally total 3% to 5% of the purchase price. This is general information not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What does an FHA loan specialist do in Brewster?
An FHA loan specialist guides borrowers through the FHA loan process including pre approval application and closing. They help with credit score requirements debt to income ratios and property eligibility. Specialists also explain Massachusetts specific rules like the state housing finance agency programs.
What are the FHA loan limits for Brewster Massachusetts?
FHA loan limits for Barnstable County which includes Brewster are set annually by HUD. For 2024 the single family home limit is typically around $636,150. These limits can change so check with a local specialist for the most current numbers.
Do I need a special license to be an FHA loan specialist in Massachusetts?
Yes. Massachusetts requires all mortgage loan originators to hold a valid license through the Nationwide Multistate Licensing System. The state Division of Banks oversees compliance. Unlicensed activity can result in fines or legal penalties.